Charlty reglstratlon number 1111444 (England and Wales) Company reglgtratlon numbei 04978824 MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 *AEAFAHIF • 0510912025 COMPANIES HOUSE A14 #261 MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD LEGAL AND ADMINISTRATIVE INFORMATION Secretary Mrs Karen Millie-James Dlrectors and Trustees M. Anderson K.A. Mcleod K. Millie-James D. Ngoma E.E.K. Okai N.N. Roach Charlty nvmber 1111444 Company number 04978824 Reglstered offic• Unil 2 Capital Business Park Manor Way Borehamwood Hertfordshire UK WD6 1GW Indèpondent examlner VPG Accounlanls Limited Sanjita Bhavan 101 Brookdene Avenue Watford Greater London WD19 4LG MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD CONTENTS Page Report (including director's report) Independent examiner's feport Statement of financial activities 8alance sheet Notes lo the financial slalements MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees. vtho are also diredors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepa￿d in accordance with the accounting policies set out in note 1 to the financial slalements and comply with the 's goveming document, the Companies Act 2006, FRS 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland" and the Charities SORP 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing thèir accounls in accordance with the Financial Reporting Standard applicable in the UK and RepubliG of Ireland (FRS 102)" Objectives and activlties The Charity's object and its principal activity Is for the advancement ol the Christlan rellgion in the United Kingdom and overseas, and lo relieve persons in conditions of poverty, sickness and distress. The Charity operates as a church in the Walford area and currently has approximately 100 members who altend regular services The Church also welcomes up to 20 visitors on a regular basis who are able lo donate lo the charity. It 15 hope that these visitors wlll become members. The Charity raises money through regular lilhes from members, and by offerings from members and visitors. Some of the funds are used to assist members of the church who may be in financial hardship, and donations are made lo other small charities as deteTmined by the Trustees, The Charity also supports overseas missions, orphanages and schools primarily in Jamaica and Venezuela. The Charity is organised so that the trustees meet regularly lo manage Its affalrs. Public beneflt As a small charity, below the ChaFlties Act's audil threshold, Ihe report focuses on the main aGtpiities undertaken by the charity to further ils charitable purposes for the public benefit. The 'Objectives and Activities. section of the report provide a brief summary of aclivitles undertaken together with a confirmation that the trustees have had regard to the charities commission guidance on public benefit. in particular the guidance on charilies for the advancement of religion, when planning their activities. Further more detailed information about the activities and their Suc￿sS is provided in the 'Achievements and Performance, section of the report. Achlevements and performance Oevelopment, actlvilles and achlevements thls year The ITuslees consider that the performances of the Charity in the year to date is on an improving trend, compared to the previous year, and it is envisaged that the performance will continue lo improve year on year, demonstrated by an increase in our bank cash balances. Flnanclal revlew Investment pollcy and objectlves Under the memorandum and articles of association, the Charty has the power lo make any investment which the trustees sees fit. No decisions have been made as yet. However, the Charity has saved a considerable sum to go towards Ihe purchase of a building of their own. Plans for future perfods The charity aims to purchase their own church building. Structure, governance and management Governlng document The charity is controlled by its governing document, a deed of trust, and Constitutes a Ilmited company, limlled by guarantee, as defined by the Companies Act 2006. The Trustees are responsible for keeping proper a¢counling records that disclose with reasonable accuracy al any time the financial position of the charity and to enable them lo ensure that the financial statemenls comply with the Companies Act 2006. The Trustees are also responsible lor safeguarding the assets of the charity and hence taking reasonable Steps for the prevention and deleclion of fraud and other irregularitie5. MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The report was approv8d by the Board of . Mr Kelth Anthony Mcleod Truste• Date.. MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD INDEPENDENT EXAMINER'S REPORT TO THE OF MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD I report to the on my examlnalion of Ihe financial statements of Miracle Christian Centre International Ltd (the ) for the Year ended 31 December 2024. Responslbilitles and ba51s of report As the of the (and also its directors for the purposes of company law), you are responsible for the preparation of the financial 5talemenls in accordance with the requiremenls of Ihe Companies Acl 2006. Having satisfied myself that the financial statements of the are not required lo be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the 's financial slalements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5)Ib) of the Charities Act 2011. Independent examlnerfs statement I have completed my examination. I confimi that no matlers have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 01 the Companles Act 2006 olher than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance wllh the methods and principles of the Statement ol Recommended Practice for accounting and reporting by charities applicable lo charities preparing their financial $talemenls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems and have come across no other matlers in connection wilh the examination lo which attentlon should be drawn in this report in ord r lo enable a proper understanding of the financial statements lo be reached. Vishal Patel ACA BFP BSC {Hons) Senlor Partner VPC Accountsnts Llmlted Sanjita Bhavan 101 Brookdene Avenue Watford Greater London WD19 4LG MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted funds 2024 Unrestricted funds 2023 Notes Income from: Donalions and legacies Investments 155,272 1,041 136,317 1,155 Total Income 158,313 137,472 Expendlture on: Raising funds Charitable activities 198.611 2,933 161,439 3,451 Total expendlture 201,544 164,890 Net expendlture and movement In funds (45,231) (27,418) Rgconclllatlon of funds: Fund balances at 1 January 2024 304,180 331,598 Fund balances al 31 December 2024 258,949 304,180 The stalement of financial activities includes all gains and losses recognised In the Year. All irtome and expenditure derive Irom continuing activities. MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Foxed as•et• Tanglble assets 16.622 19.554 Cufr•nt 1•8•t8 Debtors Cash 81 bonk and in hand 125,495 200,245 127.944 175.403 325,740 303,347 Creditors: amounts falling due withln one year 183,413) 118,721) Net current assets 242,327 284.626 Total 08set8 less current Ilabllltle• 258.949 304.180 The lunds ol th• Unrestrlcted funds 258,949 304,180 258.949 304,180 The company Is entitled to the exemption from the audrt requirement contained in section 477 01 the Companies Acl 2006, for the Yoar ended 37 December 2024. The direclors acknowledge their responsibilities for complying with thè requirements of the Companies Act 2006 with respect to aceounting records and the preparats.on of financial slalemenls. The members have not required the company to obtain an audit of its financial statements lor the Year in question in a¢cordan¢e wrth section 476. These financlal statements have been prepared in accordance wlth the provi5i0n5 appli¢able to compenles subject to the small companies règime. The financial statements were approved by the on Mr Keith Anthony Mcleod Tru8tee Company re9istration number 04978824 IEngland and Wales) MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcle$ Charity information MiraGle Christian Centre International Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit 2 Capital Business Park, Manor Way. Borehamwood. Hertfordshire, WD6 1GW. UK. 1.1 Accounting convention The financial statements have been prepared in accordance with Accounting and Reporting by Charilie5: Slatemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) leffeclive l January 2015> - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and Ihe CompaniesAct 2006. 1.2 Charitable funds Unrestricted funds can be used in accordance with the charitable objectives al the discretion of the trustees. Reslricled lunds can only be used for particular reslricled purposes within Ihe objecls of Ihe charity. Restrictions arise when specified by the donor or when funds are raised for particular restncted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements Restricted funds are subject to specific conditions by donors or grantors as lo how they may be used. The purposes and uses ol the restricted funds are set out in the notes to Ihe financial statemenls. Endowment funds are subject to specific conditions by donors that the capital musl be maintained by the . 1.3 Income All income is recognised in the Slalemenl of Financial Activities once the charity has enlillemenl to the funds, il Is probable that the income will be received and the amount can be measured reliably. 1.4 Expendltur• Liabilities are recognised as expendllure as soon as there Is a legal or constwctlve obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount ol the obligation can be measured reliably, Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 1.5 Tanglble flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as Io Write off the cost or valuation of assets less their residual values over thelr useful lives on the following bases.. Fixtures and fittings 15% reducing balance 1.6 Taxatlon The charity is exempt from corporation tax on its charitable activities. 1.7 Company status The company is a private company limited by guaranlee and consequently does not have share capital. MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donatlon3 and legacles Unrestrlcted funds 2024 Unrestricted funds 2023 Donations and gifts 155,272 136,317 Incorno from investments Unrestricted Unrestricted funds funds 2024 2023 Other income 1,041 1,155 Expendltur• on raislng funds Unrestrlcted Unrestrlcted funds funds 2024 2023 Fundra181ng and publlclty Other fundraising costs 198,611 161,439 Tangible fixed assets Flxtures and Iittings Cost Al 1 January 2024 72,878 At 31 December 2024 72,878 Depreclatlon and Impalrnient At 1 January 2024 Depreciation charged in the Year 53,123 2,933 Al 31 December 2024 56,056 Carrying amount At 31 December 2024 16,622 At 31 Oecember 2023 19,554 MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Debtors 2024 2023 Amounts falling due wlthin one year". Other deblors 125,495 127.944 Credltors: amounts falllng due wlthln one year 2024 2023 Corporation tax payable Other taxation and social security Trade creditors Accruals and deferred income (100) 666 77,847 5,000 {1001 (1,5311 15.352 5,000 83,413 18.721 Unrestricled fund8 The unrestricted funds of the charity compTise Ihe unexpended balances of donalions and gTanls which are not subject lo specific conditions by donors and grantors as to how they may be used These include designated funds which have been sel aside out of unrestricted lunds by the Iruslees for sperific purposes. At 1 January 2024 Incomlng resources Resources expended At31 December 2024 General funds 304,180 156,313 (201,544) 258,949 Prevlous year: At 1 January 2023 Incomlng Resources resources expended At31 December 2023 General funds 331,598 137,472 (164,890) 304,180